Sat Feb 12

The equity rally since Aug 2010 has continued for longer than
expected – similar to what happened after I began my warnings in
early 2007 but the market decline didn’t start until mid 2007.

Despite market intervention/QE, natural market forces can not be
stopped – only delayed.

When the market does reassert control, the reaction (the overdue
correction) may be even more extreme due to that delay.

Key global indexes are now extremely overextended and it’s
concerning.

My chart below remains valid but whatever patterns eventuate, my
indicators continue to warn that March 2009 lows will be breached.

S&P500 monthly chart January 15 2011

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I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

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